Amazon (AMZN) Invests $110M in AI Research with Trainium Chips

In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other trending AI stocks on latest news and analyst ratings.

Amazon.com operates as a technology conglomerate with core interests in the ecommerce business. On November 12, the company announced that it would be investing nearly $110 million in a university research program named Build on Trainium. Trainium is the AI chip that Amazon has developed in-house. Under the program, Amazon Web Service has deployed 40,000 Trainium chips for university researchers. The initiative will provide compute hours that allow researchers the opportunity to build new AI architectures, machine learning libraries, and performance optimizations.

Overall, AMZN ranks 4th on our list of trending AI stocks on latest news and analyst ratings. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.